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Newspaper
Atlanta Constitution
Location
Atlanta, Georgia, United States of America
Date
Jan 16, 1902
Page
2
Cotton finished the day firmer with 6 to 10 point gains near the top of the range. Bears controlled the Chicago market early with dull closing prices, while New Orleans spot market rose on improved trade and Liverpool influences.
The dry goods market in New York on January 15 reports rising buyer numbers with no price changes in staple or fancy cottons. Print cloths remain in demand at previous prices while men and worsted woolens show strong interest in full weights. Dress goods stay dull and unchanged.
Spot cotton quotations across cities show steady to firm tone with middling ranges including Atlanta 72 4, Liverpool 49 16d, New York steady, New Orleans 71 16c, Savannah steady, Galveston firm 71 16, Norfolk 8d, Mobile quiet 65, Memphis steady 7 15 16, Augusta steady 8 3 4, Charleston firm 7 13 168, Denton steady 7 5 16, St Louis steady 7 15 16.
January reports show mixed cotton activity across ports with steady to firm futures. New York, New Orleans, Galveston, Moorie, Cambeston, Wilmington, Norfolk, Baltimore and Boston list varying middling prices, receipts, and stocks, signaling uneven demand and supply in early 19th century markets.
Philadelphia and St Louis report mixed cotton futures with mid dlng 8 percent and 7 15,000 sales, while Memphis shows steady prices and modest stock. Auguste notes steady cotton at mid dling 53. Houston reports steady at 75-16 with 34 sales. New Orleans and Liverpool discuss favorable outlook and rising interior receipts, but market sentiment remains bullish with expected receipts fluctuations and advised adherence to legitimate features guiding values.
New York January 16 market notes show seaming higher early on satisfactory cables lifting bulls by 6 to 7 points. Revels at ports shrink to about 36 000 from 33 000 last year while general opinions foresee material advance through the season despite uncertain receipts.
Liverpool was stronger today and Houston receipts fell off. The general undertone was firmer with more cotton bought by market traders though actual long buying was not large. Commission houses bought substantial volume and sold as well. Trading was even and sentiment favored higher prices though no major move. Prices opened higher then declined.
Coffee prices show a weak session with active unloading and heavy receipts. Sugar and molasses markets are dull with varied refined and raw quotations and limited demand, while copper trading sees some buying interest but prices continue to drift lower.
January reports from Liverngot and New York show mixed grain prices with spot and futures quotes for wheat and corn, alongside a dull copper tin and lead market. Cotton seed products stay firm in New York and Memphis with steady meal values, while fruits and nuts in Atlanta list modest gains for apples, oranges, and bananas.
The New York market rallied from a recent decline with notable activity and broad demand. Union Pacific and other transcontinentals faced bear pressure early, but strength appeared in New York Central and Sugar amid signals from Washington on Cuban sugar duties. Exports, banks, and bonds showed mixed but overall sturdy movement as shorts covered and prices firmed.
Chicago dated January 15 reports Bears in the pit lifting prices briefly before broad liquidation. May wheat falls to 80 of a cent, May corn declines, oats slide, and May pork and lard mix lower as receipts and exports pace shift.
The Treasury Statement reports available cash balances at 169,617,295 and gold at 105,583.47. London notes consignments and accounts show 93 15-16 and 41-16, with commodities traded at price levels including 259-164 per ounce. Shipping and distillation figures from Savannah and Wilmington indicate spirits, rosin, and tar market activity with varied receipts and exports, while Charleston and other ports show turpentine prices steady or rising slightly.
The document lists J. W. English as President and W. P. Inman as Vice President alongside financial figures including 581.60, 850,454, 932,058 and 64-. indicating monetary totals or account figures in a historical record.
A dense market summary from multiple cities details cash quotations for flour, wheat, oats, and rye, alongside provisions such as pork, lard, and bacon. It includes prices for mess pork, lard, and bulk meats, with dairy and produce listings for coffee, sugar, syrup, and canned goods, plus eggs and poultry prices in Atlanta and other markets.
January 5 market summaries show cattle receipts around 22 000 in Chicago with mixed demand and lower prices for westerns. hogs at 24 000 receipts with slight price lift and steady to higher valuations. sheep and lambs mixed with gains for high grade offerings. In St Louis receipts total about 3 200 cattle and 7 800 hogs with varied prices for natives, Texas and Indian steers, and strong lamb demand.
Sealed proposals for the construction of three two story school buildings in Oglethorpe Ga will be received by the mayor until 12 oclock noon January 25 1902. Separate bids for frame and brick veneer. each bid must include 250 certified check and a 5000 bond for the winning bidder. Plans may be viewed at Lockwood Bros Columbus Ga or A H Perry Clerk of Council Oglethorpe Ga. The council may reject any or all bids and select the best bid.
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